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Los Andes Copper Ltd., a leading natural resource company, recently revealed a series of updates concerning its corporate state and strategic initiatives. These updates showcase the progress made by the company in its ongoing activities and redirect future operational steps.
To begin with, the company shared the latest disclosure about its Vizcachitas Project, a greenfield project based in Chile, which forms the heart of its exploration and development initiatives. In contradiction of the industry approach, it is advancing the project in a socially and environmentally responsible manner. The company aims to make Vizcachitas as the first major mining project in Chile, that follows modern environmental standards and utilizes sea water for its operations. The project is now in the advanced stage; the Preliminary Economic Assessment (PEA) will be completed by the third quarter of 2022.
Customer requirements are key to Los Andes Copper Ltd operational philosophy; therefore, the company is keen to align its initiatives towards climate sensitivity. They are aiming to minimize carbon emission and are acting in a direction to cater to the growing customer demand for ‘green metals’. This commitment aligns with global initiatives to fight against climate change and supports sustainable development.
In terms of corporate matters, Anthony Amberg, the current President and CEO plan to retire at the end of January 2023. The company has appointed an executive search firm to find a suitable successor who can maintain the growth trajectory of the company. As part of the transition plan, once the new appointee is selected, Amberg will remain for an additional two-months period for a smooth change-over.
Furthermore, the company is pleased to announce that Fernando Porcile, who has more than 40 years of experience in the mining industry and has a successful track record in project construction and operations, has taken over as Executive Chairman. Porcile’s proven leadership abilities will be crucial in guiding the company towards its objectives and strategic commitments.
Los Andes Copper Ltd also managed to secure key investments to fund its operations further. The overall financing strategy is designed to ensure non-dilutive and cost-effective capital to pace up the project.
In a nutshell, the Los Andes Copper Ltd’s strategic updates not only highlighted the future direction of the company but also affirmed its commitment to socially responsible and environmentally friendly operations. The company is exhibiting promising growth, stepping into corporate transitions and driving an eco-conscious strategy, thereby providing momentum and assurance to its stakeholders.